Eye On Housing
The NAHB/First American Improving Markets Index (IMI) reached a new high of 291 in September. The addition of 49 markets was also the largest number new to the list since December 2012 when 84 markets were added. Five markets were dropped, four because of a fall back in prices and one because of a dip in permits. The large increase… Read More ›
Tag Archive for ‘IMI’
Improving Markets Move Sideways
The number of markets on the NAHB/First American Improving Markets Index fell to 247 as 3 were added and 11 dropped from the July level of 255. Most of the markets that fell off had very small price increases that qualified them to be on the list and the latest price indexes slipped back below previous peaks. For instance, Virginia… Read More ›
Seven-in-Ten Markets Are Improving
The July NAHB/First American Improving Markets Index dropped slightly to 255 from 263 in June as 14 metropolitan areas were dropped from the list and six were added. The number of markets that are improving remains at over 70 percent of all metropolitan areas with sufficient data (361). The majority of the dropped metro areas had weak house price growth… Read More ›
Improving Markets Soften Slightly
The NAHB/First American Improving Markets Index fell by 15 to 258 metropolitan areas in May. The decline was due to 19 areas falling off the index while four were added. The primary cause for leaving the list was softness in house prices. The 15 metropolitan areas that were dropped from the list because of a fall in house prices had… Read More ›
Number of Improving Housing Markets Steady in April
Following seven consecutive months of gains, the list of improving U.S. housing markets remained virtually unchanged in April, with 273 metros on the National Association of Home Builders/First American Improving Markets Index (IMI). After a strong run-up through late 2012 and early 2013, the number of improving markets is holding steady at a high level. We can expect to see… Read More ›
List of Improving Housing Markets Grows to 274 in March
The list of major markets (MSAs) included in the National Association of Home Builders/First American Improving Markets Index (IMI) grew to 274 out of a possible 361 in March, from 259 in February. With 76 percent of the markets included the housing market recovery is on more solid footing than it was at this time last year. The index identifies… Read More ›
Improving Markets Index Leaps to 201
The number of metropolitan areas designated as improving by the NAHB/First American Improving Markets Index (IMI) leaped to 201 in December. The index measures the number of markets that have seen an improvement in three primary market indicators, single-family building permits, home prices and employment, for at least six months. The IMI stood at 125 in November and was amplified in… Read More ›
List of Improving Housing Markets Expands to 125 in November
The number of U.S. housing markets showing consistent improvement in three key measures of strength expanded by 22 in November to a total of 125, according to the National Association of Home Builders/First American Improving Markets Index (IMI). This marks a third consecutive monthly gain for the index, which now includes representatives from across 38 states as well as the District… Read More ›
List of Improving Housing Markets Eclipses 100 in October
A total of 103 housing markets across the United States qualified to be listed on the National Association of Home Builders/First American Improving Markets Index (IMI) for October, released today. This is up from 99 markets listed as improving in September and is the largest number of metros on the IMI since it was created one year ago. A total… Read More ›
Improving Markets Index: Erie, PA MSA
NAHB recently unveiled an index that tracks housing markets on the mend, the NAHB/First American Improving Markets Index (IMI). The IMI highlights the fact that housing markets are local and that there are metropolitan areas where an economic recovery is underway. The index measures three readily available monthly data series that are independently collected and indicative of improving economic conditions. … Read More ›